Image Slideshow

Money Laundering

Type of Crime:

Money Laundering

The crime of money laundering makes it unlawful for any person to conduct or attempt to conduct a transaction through a financial institution with the intent to promote, establish, or facilitate any criminal activity or knowing that the monetary instrument represents the proceeds of or is derived from the proceeds of any criminal activity. Money laundering most commonly involves the concealment or attempt to conceal the source of funds which were illegally obtained. If convicted of this crime, you may face a term of imprisonment of up to 1 year in the County jail or State prison, by a fine of up to $250,000 or twice the value of the property transacted, whichever is greater, or both. If you or a loved one has been charged with the crime of money laundering it is imperative that you immediately retain the services of a knowledgeable and experienced criminal law attorney. Contact Kenner & Greenfield today!